Lundquist Appraisals & Real Estate Services is a company you can trust when it comes to foreclosures in Wabash
Houses that have reverted to the institution's control and properties in foreclosure present particular appraisal difficulties.
When there is a home in foreclosure, it's important to understand the difference between fair market price and "quick disposition" price to know your potential charge-off liability. At Lundquist Appraisals & Real Estate Services, we have the background in both producing snapshots of fair market value for our mortgage clients, as well as "quick sale" forecasts that understand your urgency.
Lundquist Appraisals & Real Estate Services has the training to deal with the special dynamics of a foreclosure appraisal. For a company you can trust, contact Lundquist Appraisals & Real Estate Services.
Occupants of property in foreclosure might be disinclined to allow an inspection of the home, thus presenting particular challenges. Sometimes the houses have been intentionally damaged, often at the hands of the former residents themselves. Or, it's likely you'll discover the families have moved out or the home languishing in disrepair for long of time.
For a home that has reverted to Real Estate Owned, you most likely will want it off your hands as quickly as possible . But you might want to understand and analyze three values: as-is, as repaired, and "quick sale." These correspond to the worth of the home without any work performed, with the work due to make the property marketable at full market value commensurate with similar homes in the neighborhood, and, somewhere in the middle, with minor investment in repairs - selling the property quickly, probably as a "fixer-upper". Again, we understand your urgency and the special situation of a Real Estate Owned home, as well as the specific information you'll need -- competing listings, neighborhood trends, and so forth. You can count on Lundquist Appraisals & Real Estate Services to take on the task of your REO professionally and efficiently. Contact us today.